Tietoevry completes the divestment of its Tech Services business
Tietoevry Corporation STOCK EXCHANGE RELEASE 2 September 2025 5:05 p.m. EEST
On 23 March, Tietoevry announced that it had entered into an agreement todivestits Tietoevry Tech Services business to funds advised by Agilitas PrivateEquityLLP.Tietoevry has completed the transaction today. Following the completion,Tietoevry's business portfolio will comprise vertical software businessesBanking, Care and Industry along with the digital engineering business Create.
"This transaction marks a significant step in Tietoevry's transformation intoaleading market-oriented software and digital engineering company. We remaincommitted to delivering measurable value through our advanced softwaresolutionsand digital consulting. With strong customer focus, we've taken decisiveactionsto drive growth, supported by a robust order backlog and recent wins acrossourcore businesses", says Endre Rangnes, President and CEO of Tietoevry.
The agreed purchase price for the divested operations amounted to EUR 300million, of which EUR 70 million was agreed to be in the form of earn-outpayments, subject to fulfilment of certain performance milestones in 2026 and2027. Furthermore, lease liabilities of approximately EUR 98 million, relatedtothe Tech Services business, have transferred as part of the transaction,reducing Tietoevry's net debt. Tietoevry will use the transaction proceeds toreduce outstanding debt.
Tietoevry has presented its Tech Services business as a discontinued operationstarting from the first quarter of 2025. The net result of the disposal,including the reclassification of foreign exchange losses from othercomprehensive income, will be reported in discontinued operations in the third-quarter interim report.
From today onwards, information regarding Tietoevry Tech Services is availableon Tietoevry Tech Services website at www.tietoevrytechservices.com
For further information, please contact
Tommi Järvenpää, Head of Investor Relations, tel. +358 40 576 0288,tommi.jarvenpaa (at) tietoevry.com
Tietoevry Corporation
DISTRIBUTION
NASDAQ Helsinki
NASDAQ Stockholm
Oslo Børs
Principal Media
Tietoevryis a leading software and digital engineering services company withglobal market reach and capabilities. We provide customers across differentindustries with mission-critical solutions through our specialized softwarebusinesses Tietoevry Care, Tietoevry Banking and Tietoevry Industry, as wellasour digital engineering business Tietoevry Create. Our around 15 000 talentedvertical software, design, cloud and AI experts are dedicated to empoweringourcustomers to succeed and innovate with latest technology.
Tietoevry's annual revenue is approximately EUR 2 billion. The company'ssharesare listed on the NASDAQ exchange in Helsinki and Stockholm, as well as onOsloBørs.www.tietoevry.com
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